Cliffs Resumes HBI Plant Construction

“The demand for our steel, iron ore and metallics products has recovered dramatically over the past month, and in light of this, we are restarting Toledo and Tilden sooner than we originally expected,” said Cliffs Chairman, President and CEO Lourenco Goncalves. “We suspended these operations in a way that allowed us to restart as easily and efficiently as possible, and that is what we will do. Our footprint is well situated to capitalize on the rapidly increasing demand from the automotive sector, which is occurring faster than our most aggressive expectations.”

Cliffs has already restarted numerous other previously idled facilities across the company, including Precision Partners, AK Tube, Mansfield Works and the Dearborn downstream facilities, including the PLTCM and the galvanizing line.